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Under Armour ($UA, $UAA) Share Class Arbitrage?

January 27, 2017

A hedge fund manager who uses IOI Training Courses for its incoming analysts asked me if I could assign a case study covering sports apparel maker Under Armour (UA, UAA). One of the interesting aspects of Under Armour is its three-level share class structure, and another IOI member brought up the possibility of some sort of arbitrage opportunity …

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